China to invest $1.7bn in East Kazakhstan farming

cows in siberiaA delegation of Kazakh businessmen and women led by East Kazakhstan’s Governor Danial Akhmetove last week signed seven business agreements worth $1.7bn with their Chinese counterparts during a visit to Xinjiang. The principle focus of the deals is agricultural and include the develop a livestock cluster in the region and crop processing facilities. Among the companies involved are Eurasia Agro, Reef Investment, EMA and Vostok Agro Holding. Trade turnover between East Kazakhstan and Xinjiang currently stands at more than $590m. 
Akhmetov also invited Chinese investors to participate in the construction of the $1.4bn railway from Kapchagai to China.